Indiafirst vs Acko Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Indiafirst vs Acko Term Insurance

COMPANY DETAILS Edit IndiaFirst Term Insurance Company Limited

Indiafirst

 Edit Acko Term Insurance

Acko Term Insurance
Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 7218.09 crores

Annual Premiums Collected (2024-25)

₹64.05 crore
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout, and Lump Sum + Monthly Income.
Claim ratio

Payout Options

98.04%%

Payout Options

99.70%%
Solvency Ratio

Solvency Ratio

2.00

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

100+

Pan India Presence

200
Riders Available

Riders Available

IndiaFirst Term Rider, Permanent Disability Rider, Accelerated Death Benefit Rider, Income Benefit Rider, Waiver of Premium Rider, Accidental Death Benefit Rider, Critical Illness Rider

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Policy Term

Policy Term

5 to 76 years

Policy Term

5 to 40 years
Inception year

Inception year

2009

Inception year

2016
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.134

Complaint ratio per ₹1 crore of premium collected

Not available
Average claim settlement time

Average claim settlement time

15 days

Average claim settlement time

15 days
IRDAI registration number

IRDAI registration number

143

IRDAI registration number

164
Awards and recognitions

Awards and recognitions

Elets BFSI Tech Innovation Awards, Top 50 India's Best Workplaces in BFSI 2023 for the fifth time in a row, Insurenext Awards 2023

Awards and recognitions

FICCI
Recommended Videos
IndiaFirst Life Insurance Term Plans

IndiaFirst Life Insurance Term Plans

Overview

IndiaFirst Term Insurance: Overview

IndiaFirst Life Insurance is a life insurance company that provides easy-to-understand policies with low premiums, high life cover, and flexible options to suit different needs. This company offers a wide variety of insurance plans, including term plans, as part of its product offering. These term plans offer a range of benefits for the policyholders.

IndiaFirst is one of the trusted and reputed insurers in the industry with a high claim-settlement ratio of 98.04% and a solvency ratio of 2.00. You can choose additional riders with the IndiaFirst Term Plans.

Key features of IndiaFirst Term Plans include:

  • Choice of policy tenure
  • Choice of premium payment options
  • Enhanced rider options to choose from
  • Affordable premiums
  • Choice of sum assured
  • A variety of plan options

Riders

Riders You Can Avail With IndiaFirst Term Insurance Plans

You can avail of this rider with your IndiaFirst term insurance plans:

Name of the rider Benefits
IndiaFirst Term Rider This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

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IndiaFirst Term Insurance

Explore India’s best-selling Term insurance plans below

IndiaFirst Insurance is one of the fastest growing insurance companies that offers simple and easy-to-understand insurance products at nominal premiums.

IndiaFirst Guaranteed Protection Plan

IndiaFirst Guaranteed Protection Plan

The IndiaFirst Life Guaranteed Protection Plus Plan offers life cover, terminal illness protection, flexible payout options, and financial security fo...

Unique Features

  • Multiple Plan Options
  • Cover for Critical Illness
  • Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan
  • 1 Crore Cover
  • 3 Plan Options
  • Waiver of Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan
  • 1-Year Waiting Period for Suicide
  • Exclusion for Undeclared Pre-existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan
  • Whole Life Cover (Till Age 99)
  • Waiver of Premium Option for Disability
  • Adjust Sum Assured with Life Stage Changes

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

IndiaFirst Guaranteed Protection Plan
  • Minimum Entry Age: 18 Years; Maximum Entry Age: 65 Years; Minimum Sum Assured: 50 Lakhs; Maximum Maturity Age: 99 Years; Premium Payment Term: 5 to 35 Years

Acko Term Insurance

Explore India’s best-selling Term insurance plans below

Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in September 2017.

Acko Life Flexi Term

Acko Life Flexi Term

Acko Life Insurance Flexi Term Plan offers flexible life cover with customizable payout options. You can adjust the sum assured and benefits as your n...

Unique Features

  • Will Creation Services
  • Flexi Benefit
  • Optional Riders

Acko Life Flexi Term (Pros)

Acko Life Flexi Term
  • Annual coverage upgrade option
  • Flexible sum assured option
  • Quick policy modification system

Acko Life Flexi Term (Cons)

Acko Life Flexi Term
  • Suicide is not covered in the first year
  • Fraud or misstatement
  • Death due to alcohol
  • war or terrorism.

Acko Life Flexi Term (Other Benefits)

Acko Life Flexi Term
  • Flexible payout structure
  • Instant policy servicing
  • Multiple rider options

Acko Life Flexi Term (Eligibility Criteria)

Acko Life Flexi Term
  • Entry Age: 18 Years Max Entry Age: 70 years Minimum Sum Assured: Adaptable Maximum Maturity Age: 85 years Premium Payment Term: RP/SP/LP

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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